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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do something much better. not just for the long-term health of the american economy, but for the immediate challenge which is getting stronger growth and more job creation. >> but you heard the president say today if there's no deal, are you going to blame the republicans for ruining christmas? >> the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block a deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> the president said on election night, you voted for politics, not action as usual. you're saying what we can expect from republicans. what can we expect from the president to break that cycle? >> a willingness to sit down and explore what the best way to get t
to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do something much better. not just for the long-term health of the american economy, but for the immediate challenge which is getting stronger growth and more job creation....
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no one, senator mitch mcconnell took to the senate floor yesterday to blast the administration strategy as a campaign maneuver. >> incredibly, many top democrats, including the president, seem perfectly happy, perfectly happy, to go off the cliff. >> but in a new quinnipiac poll out today, the american public gives the democrats the benefit of the
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be...
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let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put ba
let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be...
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Nov 29, 2012
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cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- the increase in the debt limit for cuts? >> are i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you, mr. speaker. >> speaker boehner speaking to the press outside of the offices on capitol hill. not really yielding any information, though. the intransigence it seems on both sides continues. but it definitely co
cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had...
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Nov 30, 2012
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the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and millionaires. it's a sad state of affairs. >> one thing that we've seen in the days leading up, at least through this week, that there has been optimism from both sides expressed by speaker boehner, also by the president, and also republican tom cole, congre congressman, seem to be on board. now we have conservatives like charles krauthammer putting out their pieces saying let's go over the fiscal cliff, let the president do this. then john cornyn, republican from texas, saying apparently the president wants us to go over the fiscal cliff. this is serious business, demanding higher taxes, more stimulus
the biggest issue that's causing the fiscal cliff is the tax rates going up on the middle class. especially in this time now when we're getting out of this recession. we're seeing some robust growth. we want the christmas sales to be good. if the middle class knew that they're going to keep their tax cut, it would put a smile on everybody's face. and both parties can take credit for it. why won't they do it? there's only one answer. they're obsessed with protecting billionaires and...
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cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >> willing to go over the cliff, i guess they are but they also don't believe republicans are going to go over the cliff. >> he can win politically but the costs, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means
cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the...
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. >> based on the procespect of going over the fiscal cliff which you just called serious business or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> -- the balance that you talked about, could you include the debt limit increase in the overall package? >> as i told the president a couple weeks ago, there are a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then there's going to be shall price tag associated with it. >> last question. >> are you standing by your dollar for dollar for cuts? >> i tip to believe any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you. >>> all right. listening to speaker john boehner there after his meeting with tim geithner. coming out -- didn't hear it right off the top,
. >> based on the procespect of going over the fiscal cliff which you just called serious business or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> -- the balance that you talked about, could you include the debt limit increase in the overall...
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the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. you know, the president's idea of a negotiation is, roll over and do what i ask. >> and on "meet the press" yesterday grover tried to change america's mind about who to blame if we do go off the cliff. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> but continuing to insist that the president does have the better argument. >> at the end of the day, presi
the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed...
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cliff. treasury secretary tim geithner is on capitol hill right now set to meet with nancy pelosi in less than an hour. earlier today geithner met behind closed doors with house speaker john boehner, senate majority leader harry reid and frank mcconnell. the word he used to describe the overall negotiations, disappointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> democrats today said they're confident a deal can be reached by christmas. but admit negotiations would need to pick up steam. as for senator reid, he says it's now up to the gop to make the next move. >> we're still waiting for a serious offer from the republicans. the president has made his proposal. we need a propos
cliff. treasury secretary tim geithner is on capitol hill right now set to meet with nancy pelosi in less than an hour. earlier today geithner met behind closed doors with house speaker john boehner, senate majority leader harry reid and frank mcconnell. the word he used to describe the overall negotiations, disappointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line....
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cliff and also they feel like think eve kind of got republicans in a corner because these income tax rates are set to increase in everyone at the end of the year and kind of hold that over their heads. now, at the same time, obviously, the issue here continuing to be tax rates and the white house really wants to deal with that. increase tax rates on the wealthy and then they want to deal with tax reform, entitlement reform later. somehow maybe link them but deal with that later and so they're really drawing this line in the sand as you heard timothy geithner say that the tax rates need to go up for wealthy americans. >> there's a strategy here. so, anna, republican strategist, why aren't republicans offering their own plan in return? isn't that how you negotiate? >> i think first they wanted to see what the president puts on the table. they have seen it. they don't like it. it doesn't have cuts in spending and entitlement reform. they want that. but i think what we're watching right now and see it for the next few days play out, a lot of posturing. this is a game of chicken. who's go
cliff and also they feel like think eve kind of got republicans in a corner because these income tax rates are set to increase in everyone at the end of the year and kind of hold that over their heads. now, at the same time, obviously, the issue here continuing to be tax rates and the white house really wants to deal with that. increase tax rates on the wealthy and then they want to deal with tax reform, entitlement reform later. somehow maybe link them but deal with that later and so they're...
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house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> now, the republican counterproposal that we just heard about still includes those bush era tax cuts staying in place for everybody, which president obama has called a nonstarter. so what if we raised taxes a little bit? still be much lower than what americans paid just a generation ago. in 1980, the wealthiest americans paid a marginal tax rate of 70% of their income to uncle sam. now, tax reform under president reagan reduced that rate to 50% and in 1981, and closer to current levels in 1986. today, president obama wants to let the bush era tax cuts expire for wealthy americans only, taking up their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make a
house in order without the tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> now, the republican counterproposal that we just heard about still includes those bush era tax cuts staying in place for everybody, which president obama has called a nonstarter. so...
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so until the republicans agree to those clinton-era rates, we are going to go off the fiscal cliff. >> you know, it's interesting, ari, you'll remember this because you were the white house press secretary in 2001 and 2003 when those bush-era tax rates were approved basically by republicans, very few democrats voted to approve those bush-era tax cuts. so why not do what the republican congressman from oklahoma says, what paul just said, go ahead, declare victory. say, look, all these democrats are now on board, they support for 98% of the american people the bush-era tax rates for a long time to come, declare victory and move on. >> well, number one, wolf, actually those tax cuts were bipartisan. 12 senators -- democratic senators voted for them, a good number. more than 60 senators voted for the bush tax cuts across the board. number two, let me surprise you with this, i don't agree by going over the fiscal cliff, but i do agree that the smart move for the americans to make they don't have leverage on the taxes. the payroll tax cut about to expire and it did expire, republicans tucke
so until the republicans agree to those clinton-era rates, we are going to go off the fiscal cliff. >> you know, it's interesting, ari, you'll remember this because you were the white house press secretary in 2001 and 2003 when those bush-era tax rates were approved basically by republicans, very few democrats voted to approve those bush-era tax cuts. so why not do what the republican congressman from oklahoma says, what paul just said, go ahead, declare victory. say, look, all these...
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for them, $500 million. >>> let's get to the fiscal cliff. politico has an exclusive report that president obama and house speaker boehner had a television conversation. politico characterizes it as, quote, kurt. he wants the white house to move his position on tax rates, but the president won't budge. the president responded to the house speaker according to politico telling him, if he has an alternative plan he ought to put that forward rather than focusing on entitlements. meanwhile the white house will send tim geithner to the white house for meetings with republican and democratic conditioningal leaders. yesterday the president met with big ceo's from goldman sachs, at&t, cater pillar, many who said after the meeting they've merged hoping a deal could be struck to avoid the fiscal cliff. in another meeting president obama said he believes the framework for a deal could be in place before christmas. >> i'll go anywhere and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now is the time for u
for them, $500 million. >>> let's get to the fiscal cliff. politico has an exclusive report that president obama and house speaker boehner had a television conversation. politico characterizes it as, quote, kurt. he wants the white house to move his position on tax rates, but the president won't budge. the president responded to the house speaker according to politico telling him, if he has an alternative plan he ought to put that forward rather than focusing on entitlements. meanwhile...
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is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for negotiations. >> get him out and get some women -- the congresswoman we had on the other day, the republican congresswoman, mcmorris rogers. sorry about that, really tired, she's fantastic. get her at the table more. get more women to the table because that's just not the way to negotiate. i agree with the administration's position on this. >> the treasury secretary yesterday goes oh, yeah. we can go over the fiscal cliff. >> don't you think that's going to make everybody feel really good, the markets. >> the republicans are doing the same thing. somebody has to be better. >> but the republicans don'
is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for...
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to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> wha
to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i...
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. >>> up next the senate's top republican latches out loud as the white house averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it i
. >>> up next the senate's top republican latches out loud as the white house averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference....